Mount Sinai Hospital, Mount Sinai Medical Center in New York, New York (NY)

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Mount Sinai Hospital, Mount Sinai Medical Center
Employer Identification Number (EIN)131624096
Name of OrganizationMount Sinai Hospital
Secondary NameMount Sinai Medical Center
In Care of NameMichelle Cruz
Address1 Gustave L Levy Place, New York, NY 10029-6574
Websitehttp://www.mountsinai.org
ActivitiesHospital
SubsectionCharitable Organization
Ruling Date04/1938
DeductibilityContributions are deductible
FoundationHospital or medical research organization
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2010
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$2,597,240,985
Amount of Income$1,936,225,774
Form 990 Revenue Amount$1,936,058,793
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Hospital, General


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Amount of income in 2010: $1,936,225,774
This organization: 

 $1,936,225,774
Other organizations performing similar types of work: 

 $17,721,162

Assets in 2010: $2,597,240,985
Mount Sinai Hospital, Mount Sinai Medical Center: 

 $2,597,240,985
Other organizations performing similar types of work: 

 $15,703,352

Expenses in 2013: $1,891,429,039
Mount Sinai Hospital, Mount Sinai Medical Center: 

 $1,891,429,039
Other organizations performing similar types of work: 

 $16,206,641

Income to expenses ratio in 2013: 1.0
This organization: 

 1.0
Other organizations performing similar types of work: 

 1.2

Expenses allocated to program services in 2007: 88.1%
Mount Sinai Hospital, Mount Sinai Medical Center: 

 88.1%
Other organizations performing similar types of work: 

 86.7%

Number of employees in 2013: 13,206
This organization: 

 13,206
Other organizations performing similar types of work: 

 197

Employees paid over $100,000 in 2013: 17.6%
This organization: 

 17.6%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 1.8%
This organization: 

 1.8%
Other organizations performing similar types of work: 

 0.5%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?NoYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoYes
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoYes
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesYes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?YesYes
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?NoNo
Did the organization obtain separate, independent audited financial statements for the tax year?NoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYes
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoYes
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?YesYes
Did the organization attach a copy of its audited financial statements?YesYes
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?YesYes
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?YesYes
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?YesYes
Did the organization receive more than $25,000 in non-cash contributions?YesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?YesYes
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?YesYes
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 10964824,551511
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return12,17512,66913,206
Did the organization file all required federal employment tax returns?YesYesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYes
Has it filed a Form 990-T for this year?YesYesYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNoNo
Did the organization notify the donor of the value of the goods or services provided?NoNoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$13,214,361$15,519,766
Total reportable compensation from related organizations$7,041,353$13,992,638
Total estimated amount of other compensation from the organization and related organizations$1,174,353$1,431,592
Total number of individuals who received more than $100,000 of reportable compensation from the organization2,1212,276
Total number of independent contractors who received more than $100,000 of compensation from the organization4549
Statement of Revenue
201120122013
Total revenue$1,718,489,805$1,848,654,235$1,936,058,793
Contributions, Gifts, Grants and Other Similar Amounts$32,506,751$33,969,200$35,637,533
Program Service Revenue$1,646,614,636$1,740,077,307$1,848,582,729
621110$1,642,038,688$1,738,334,036$1,846,778,516
621500$4,575,948$1,743,271$1,804,213
All other program service revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$9,683,016$8,972,986$8,501,053
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$0$0$0
Net gain/loss from sales of assets other than inventory$3,846,781$15,400,000$17,220,000
Gross amount from sales of assets other than inventory (Securities / Other)$3,846,781 / $0$15,400,000 / $0$17,220,000 / $0
Less: cost or other basis and sales expenses (Securities / Other)$0 / $0$0 / $0$0 / $0
Gain or (loss) (Securities / Other)$3,846,781 / $0$15,400,000 / $0$17,220,000 / $0
Net income/loss from fundraising events$0$-282,030$-81,683
Gross income from fundraising events$0$291,520$85,298
Less: direct expenses$0$573,550$166,981
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$25,838,621$50,516,772$26,199,161
Caterers$8,723,678$8,535,650$8,955,544
900099$3,894,420$6,539,015$3,669,239
900099$3,228,336$21,915,698$3,319,549
All other revenue$9,992,187$13,526,409$10,254,829
Statement of Functional Expenses
201120122013
Total functional expenses$1,610,417,091$1,717,304,399$1,891,429,039
Grants and other assistance to domestic organizations and domestic governments$27,230,030$30,035,966$48,361,582
Grants and other assistance to domestic individuals$0$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$10,649,777$11,392,897$10,629,814
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$628,451,186$659,179,717$702,606,238
Pension plan accruals and contributions$43,431,418$48,063,263$53,566,519
Other employee benefits$92,841,916$100,018,833$109,418,250
Payroll taxes$53,202,227$55,181,085$58,593,727
Fees for services (non-employees)
Management$15,756,067$20,383,319$21,776,697
Legal$1,967,504$1,955,890$2,078,198
Accounting$622,500$698,760$645,000
Lobbying$0$376,590$856,755
Professional fundraising services$0$0$0
Investment management fees$497,796$978,017$1,407,244
Other$158,956,358$168,392,496$199,037,964
Advertising and promotion$4,923,851$4,195,192$7,452,253
Office expenses$15,837,139$12,898,005$12,805,832
Information technology$11,653,332$12,639,808$13,270,667
Royalties$0$0$0
Occupancy$56,843,760$55,240,819$61,337,526
Travel$756,065$1,034,283$955,723
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$495,536$485,593$535,178
Interest$15,076,288$15,986,987$17,669,479
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$84,028,801$92,980,922$97,769,670
Insurance$33,877,602$34,187,977$36,374,472
Other expenses$8,804,027$22,163,986$397,067,955
Other expenses$11,344,873$11,268,208$18,960,013
Other expenses$3,421,694$3,821,773$13,447,883
Other expenses$329,747,344$353,744,013$4,804,400
Balance Sheet
201120122013
Total assets$2,240,196,653$2,402,315,481$2,597,240,985
Cash - non-interest-bearing$844,569$375,619$882,973
Savings and temporary cash investments$235,145,997$354,100,780$293,355,656
Pledges and grants receivable, net$20,767,203$18,861,365$15,631,329
Accounts receivable, net$200,800,109$215,644,611$213,771,454
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$2,319,246$0$0
Inventories for sale or use$20,911,343$25,801,859$28,391,315
Prepaid expenses and deferred charges$2,616,055$2,005,601$3,327,930
Land, buildings, and equipment: cost or other basis$477,442,112$553,215,637$604,886,482
Investments - publicly traded securities$749,184,088$347,466,495$455,182,653
Investments - other securities$63,097,000$461,409,000$544,625,000
Investments - program-related$62,500,371$71,763,672$103,967,573
Intangible assets$0$0$0
Other assets$404,568,560$351,670,842$333,218,620
Total liabilities$1,313,753,523$1,309,023,629$1,371,628,192
Accounts payable and accrued expenses$212,814,957$225,888,281$238,564,878
Grants payable$0$0$0
Deferred revenue$27,517,346$30,144,633$29,336,761
Tax-exempt bond liabilities$425,144,138$406,207,675$498,505,259
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$22,312,500$19,762,500$17,212,500
Unsecured notes and loans payable to unrelated third parties$0$6,314,165$3,831,215
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$625,964,582$620,706,375$584,177,579
Total net assets or fund balances$926,443,130$1,093,291,852$1,225,612,793
Unrestricted net assets$763,859,330$932,896,973$1,079,107,483
Temporarily restricted net assets$86,709,913$84,126,615$69,751,754
Permanently restricted net assets$75,873,887$76,268,264$76,753,556
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii)
Number of organizations supported0
Sum of amounts of support$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
2001200220032004200520062007
Total revenue$1,014,798,578$950,421,376$996,290,796$1,126,049,374$1,227,396,350$1,319,341,795$1,416,903,366
Contributions, gifts, grants, and similar amounts received$38,822,863$40,750,000$43,399,000$39,785,749$52,203,288$60,102,239$56,894,407
Contributions to donor advised funds$0$0
Direct public support$35,253,855$36,059,691$36,586,340$34,040,158$47,452,490$50,960,971$45,872,547
Indirect public support$0$0$0$0$0$1,174,088$1,798,924
Government contributions (grants)$3,569,008$4,690,309$6,812,660$5,745,591$4,750,798$7,967,180$9,222,936
Program service revenue including government fees and contracts$928,876,131$864,941,612$903,748,789$1,001,352,694$1,132,874,891$1,216,735,822$1,303,756,584
Membership dues and assessments$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$0$0$0$833,111$5,197,560$14,154,122$16,216,330
Dividends and interest from securities$19,778,424$9,834,794$14,825,754$8,125,940$7,030,956$7,178,697$2,736,081
Net rental income or (loss)$4,204,901$1,341,117$675,100$0$0$0$0
Gross rents$14,727,912$12,666,117$9,123,100$0$0$0$0
Less: rental expenses$10,523,011$11,325,000$8,448,000$0$0$0$0
Other investment income$1,073,611$534,453$-1,379,232$-308,532$12,692,052$134,672$4,112,864
Gain or (loss) from sales of assets other than inventory$2,130,870$4,330,400$19,537,200$61,024,761$694,000$3,076,334$12,042,189
Gross amount from sales of assets other than inventory$216,426,268$4,330,400$19,537,200$61,024,761$694,000$3,076,334$12,042,189
Less: cost or other basis and sales expenses$214,295,398$0$0$0$0$0$0
Net income or (loss) from special events and activities$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0
Other revenue$19,911,778$28,689,000$15,484,185$15,235,651$16,703,603$17,959,909$21,144,911
Total expenses$1,031,668,726$998,447,529$1,055,786,713$1,087,189,996$1,177,350,612$1,244,201,425$1,324,686,458
Program services$820,234,435$795,177,946$894,954,046$946,790,372$1,028,159,736$1,085,860,272$1,167,385,629
Management and general$211,434,291$203,269,583$160,832,667$139,587,829$148,409,456$157,243,958$156,070,618
Fundraising$0$0$0$811,795$781,420$1,097,195$1,230,211
Payments to affiliates$0$0$0$0$0$0$0
Net assets or fund balances at end of year$342,818,650$272,139,505$222,767,839$268,849,621$314,484,888$420,751,441$566,165,018
Excess or (deficit) for the year$-16,870,148$-48,026,153$-59,495,917$38,859,378$50,045,738$75,140,370$92,216,908
Net assets or fund balances at beginning of year$385,450,869$342,818,650$272,139,505$222,767,839$268,849,621$314,484,888$420,751,441
Other changes in net assets or fund balances$-25,762,071$-22,652,992$10,124,251$7,222,404$-4,410,471$31,126,183$53,196,669
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$1,324,686,458$1,167,385,629$156,070,618$1,230,211
Grants paid from donor advised funds$0
Other grants and allocations$33,134,079
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$11,613,430$261,218$11,168,193$184,019
Compensation of former officers, directors, key employees, etc.$607,310$0$607,310$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$507,355,229$454,927,982$51,769,692$657,555
Pension plan contributions not included above$31,568,944$28,419,877$3,094,892$54,175
Employee benefits not included above$69,184,043$61,029,974$8,064,726$89,343
Payroll taxes$39,308,757$34,513,089$4,732,057$63,611
Professional fundraising fees$0$0$0$0
Accounting fees$524,000$0$524,000$0
Legal fees$1,888,866$0$1,858,584$30,282
Supplies$242,833,221$242,192,323$628,859$12,039
Telephone$4,311,592$3,765,313$545,369$910
Postage and shipping$1,603,032$0$1,599,787$3,245
Occupancy$31,593,915$17,973,604$13,620,311$0
Equipment rental and maintenance$14,025,424$12,248,403$1,777,021$0
Printing and publications$1,750,894$1,400,715$309,548$40,631
Travel$560,319$0$557,685$2,634
Conferences, conventions, and meetings$1,015,832$891,900$123,932$0
Interest$28,890,659$28,890,659$0$0
Depreciation, depletion, etc.$71,389,830$50,879,532$20,510,298$0
Other expenses not covered above$231,527,082$196,856,961$34,578,354$91,767
Balance Sheets
2001200220032004200520062007
Total assets$1,094,223,316$1,029,829,477$1,036,872,823$1,079,938,390$1,193,784,020$1,366,730,289$1,509,908,649
Cash - non-interest-bearing$1,868,798$5,988,608$3,830,718$5,411,256$2,556,872$800,283$1,343,377
Savings and temporary cash investments$0$0$0$106,970,119$247,582,995$308,753,176$299,357,903
Accounts receivable less allowance for doubtful accounts$146,846,250$130,906,109$154,668,300$142,518,964$138,362,947$155,542,391$166,338,624
Pledges receivable less allowance for doubtful accounts$826,806$0$0$17,436,632$13,595,546$25,807,028$26,940,268
Grants receivable$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$3,980,496$2,980,496$0$668,758$0$0
Inventories for sale or use$15,508,419$18,186,110$18,285,801$19,153,005$17,207,475$19,858,358$20,527,913
Prepaid expenses and deferred charges$38,604,537$32,712,442$25,041,110$31,822,101$15,559,001$24,349,635$21,553,272
Investments - publicly-traded securities$377,494,877$502,704,140
Investments - other securities$304,712,000$279,171,444$311,514,000$290,023,000$271,092,440$0$0
Investments - land, buildings, and equipment less accumulated depreciation$17,379,302$17,379,302$0$0$0$0$0
Investments - other$12,703,696$4,389,197$2,986,264$3,803,679$61,160,949$52,633,672$56,871,034
Land, buildings, and equipment less accumulated depreciation$499,424,639$489,758,335$460,273,003$433,053,254$407,559,981$394,423,711$386,135,394
Other assets, including program-related investments$56,348,869$47,357,434$57,293,131$29,746,380$18,437,056$7,067,158$28,136,724
Total liabilities$751,404,666$757,689,972$814,104,984$811,088,769$879,299,132$945,978,848$943,743,631
Accounts payable and accrued expenses$179,286,939$156,017,400$160,098,021$144,387,528$192,777,407$200,405,815$185,162,741
Grants payable$0$0$0$0$0$0$1,178,837
Deferred revenue$0$0$33,902,143$33,902,143$33,902,143$36,620,143$33,902,143
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$452,903,506$439,325,227$427,910,229$432,877,879$418,126,622
Mortgages and other notes payable$480,537,727$464,261,131$26,259,728$25,680,626$25,500,000$25,500,000$25,500,000
Other liabilities$91,580,000$137,411,441$140,941,586$167,793,245$199,209,353$250,575,011$279,873,288
Total liabilities and net assets/fund balances$1,094,223,316$1,029,829,477$1,036,872,823$1,079,938,390$1,193,784,020$1,366,730,289$1,509,908,649
Total net assets or fund balances$342,818,650$272,139,505$222,767,839$268,849,621$314,484,888$420,751,441$566,165,018
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2001200220032004200520062007
Total revenue$1,014,798,578$950,421,376$996,290,796$1,126,049,343$1,227,396,350$1,319,341,795$1,416,903,366
Total revenue, gains, and other support per audited financial statements$1,009,505,805$939,128,073$967,565,402$1,068,628,604$1,211,941,000$1,336,216,000$1,461,482,000
Other expenses$27,715,000$28,440,506$27,151,475$41,864,316$46,718,252$75,530,145$100,647,416
Net unrealized gains on investments$0$0$0$0$0$16,151,305$22,565,000
Donated services and use of facilities$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0
Other$27,715,000$28,440,506$27,151,475$41,864,316$46,718,252$59,378,840$78,082,416
Other revenue$33,007,773$39,733,809$55,876,869$99,285,055$62,173,602$58,655,940$56,068,782
Investment expenses$0$0$0$0$0$0$0
Other$33,007,773$39,733,809$55,876,869$99,285,055$62,173,602$58,655,940$56,068,782
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2001200220032004200520062007
Total expenses$1,031,668,726$998,447,529$1,055,786,713$1,087,189,996$1,177,350,612$1,244,178,970$1,324,686,458
Total expenses and losses per audited financial statements$1,005,755,032$968,947,272$1,026,448,996$1,101,606,000$1,176,742,000$1,253,313,000$1,318,706,000
Other revenue$0$0$0$15,534,416$31,715,823$29,732,229$28,633,495
Donated services and use of facilities$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0
Other$0$0$0$15,534,416$31,715,823$29,732,229$28,633,495
Other expenses$25,913,694$29,500,257$29,337,717$1,118,412$32,324,435$20,598,199$34,613,953
Investment expenses$0$0$0$0$0$0$0
Other$25,913,694$29,500,257$29,337,717$1,118,412$32,324,435$20,598,199$34,613,953
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
28$1,135,837$37,052$0
26$492,640$29,796$0
55$1,055,455$54,375$0
30$434,504$121,143$0
39$314,514$34,480$0
28$599,081$35,946$0
28$340,846$32,694$0
55$598,182$37,882$0
26$267,258$24,616$0
17$11,113$3,373$0
55$595,788$69,850$0
55$454,172$74,530$0
36$176,729$36,960$0
55$323,391$37,687$0
33$178,057$31,774$0
55$286,150$16,580$0
55$235,347$38,716$0
55$212,285$47,080$0
55$332,034$46,274$0
17$81,713$16,922$0
55$335,085$54,219$0
55$452,353$37,514$0
28$183,226$22,421$0
55$350,755$42,975$0
25$144,292$14,814$0
55$306,621$38,143$0
28$155,332$31,667$0
44$223,486$23,961$0
41$222,901$20,839$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings42
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?Yes
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?Yes
Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits
Loans and AdvancesCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
$0$400,000$0$0
$0$93,754$35,690$0
$0$73,626$4,240$0
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200616,365
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$1,030,342$55,222,033$1,303,756,584
Program service revenue
Program service revenue 1000000$000$0$1,303,756,584
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$16,216,330$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$2,736,081$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$4,112,864$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$12,042,189$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenueMedical and diagnostic laboratories$1,030,342Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$20,114,569$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$562,654$61,108$0
$381,842$42,214$0
$347,431$35,484$0
$301,638$44,745$0
$281,599$48,726$0
Total number of other employees paid over $50,0007,988
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$201,877
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isHospital, or a cooperative hospital service organization
Support Schedule
2000200120022003200420052006
Total$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Mount Sinai Hospital, Mount Sinai Medical Center1 Gustave L Levy Place, New York, NY 10029-6574NY1938-04$1,936,225,774
2St Lukes Roosevelt Hospital Center555 West 57th Street, New York, NY 10019-2925NY1936-01$1,173,532,137
3St Lukes - St Vincents Healthcareinc4205 Belfort Rd Ste 4015, Jacksonville, FL 32216-3623FL1946-03$180,178,901
4Sharp Healthcare Foundation8695 Spectrum Center Blvd, San Diego, CA 92123-1489CA1980-07$27,646,995
5Tioga Medical CenterPO BOX 159, Tioga, ND 58852-0159ND1960-07$11,541,525
6San Gorgonio Pass Memorial Hospital District600 N Hglnd Spgs Ave, Banning, CA 92220-3090CA1985-03$10,551,951
7Montefiore New Rochelle Hospital16 Guion Pl, New Rochelle, NY 10801-5502NY2014-09$23,397,241
8New York Genome Center Inc590 Madison Ave, New York, NY 10022-2524NY2012-01$18,908,283
9Tri Town Regional Healthcare43 Pearl St W, Sidney, NY 13838-1330NY2009-08$9,597,714
10Schuyler Health Foundation Inc220 Steuben St, Montour Falls, NY 14865-9740NY1988-12$2,605,904
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12Path Foundation Ny304 Park Ave S Fl 6, New York, NY 10010-4312NY2009-09$144,395
13Divino Nino Foundation Corp98-05 Northern Blvd 2nd Floor, Queens, NY 11368NY2010-04$24,135
14Medicus In Christi Ltd16 Macaffer Drive, Menands, NY 12204NY1946-03$23,862
15Bariatrics Research Associates Inc3407 Delaware Ave Ste 210, Tn Of Tona, NY 14217-1421NY2009-07$1,828
16Goodnight Angel Productions Inc499 17th St, Brooklyn, NY 11215-6042NY2009-07$980
17Catholic Resources Inc205 Lexington Ave Fl 2, New York, NY 10016-6053NY1946-03$0
18Gift Of Hope Foundaton Inc155 East 47th Street 1a, New York, NY 10017NY2014-10$0
19Macedonia Community Development Corporation3722 Union St, Flushing, NY 11354-4118NY2014-09$0
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Number of organizations performing similar types of work
Alaska1
Alabama5
Arkansas8
Arizona6
California42
Colorado11
Connecticut7
District of Columbia1
Delaware1
Florida25
Georgia14
Hawaii3
Iowa10
Idaho2
Illinois25
Indiana21
Kansas10
Kentucky8
Louisiana4
Massachusetts13
Maryland8
Maine7
Michigan15
Minnesota12
Missouri15
Mississippi14
Montana9
North Carolina23
North Dakota10
Nebraska10
New Jersey10
New Mexico2
Nevada4
New York36
Ohio13
Oklahoma10
Oregon11
Pennsylvania22
Rhode Island1
South Carolina6
South Dakota6
Tennessee8
Texas24
Utah4
Virginia13
Vermont4
Washington15
Wisconsin24
West Virginia6
Wyoming2
International5
Total566

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